New York mayoral hopeful says billionaires shouldn't exist
New York mayoral candidate Zohran Mamdani, a democratic socialist, has defended his proposal to tax the city's wealthiest one percent to address inequality, asserting that there should be no billionaires.
Mamdani, who is poised to become the Democratic nominee after a significant primary win, plans to implement an additional two percent tax on New Yorkers earning $1 million or more annually.
Donald Trump strongly criticized Mamdani, labeling him a "communist" and warning that New York would become a "communistic city" if he is elected mayor.
Mamdani denied the communist label, suggesting Trump's attacks aim to distract from his advocacy for working-class citizens.
The upcoming mayoral election is anticipated to be a three-way contest involving Mamdani, incumbent Mayor Eric Adams, and Republican Curtis Sliwa.
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